Royal Caribbean Cruises (RCL) Tops Q1 EPS by 26c; Boosts FY16 EPS Outlook
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Royal Caribbean Reports Significantly Higher First Quarter Earnings And Increases Full Year Guidance
April 29, 2016 8:07 AM EDTMIAMI, April 29, 2016 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) today reported first quarter results and increased its outlook for the full year. Continuing on its Double-Double trajectory, the company's Adjusted first quarter earnings were $0.57 per share nearly tripling last year's results and almost doubling previously provided guidance.  The company increased its full year earnings guidance by $0.25 per share to $6.15 to $6.35.
KEY HIGHLIGHTS
Results for the First Quarter 2016:
Net Yields were up 7.0% on a Constant-Currency basis (up 3.4% As-Reported), 300 basis points better than guidance.... More